The US-Iraq conflict pushed up inflation concerns, and US-European multi-country mortgage rates rose collectively

Owing to the intensification of the American-Iraqi conflict and rising inflation concerns, the average interest rate on 30-year fixed mortgages in the United States has risen to 6.67 per cent, up from 6.43 per cent at the beginning of July and 5.98 per cent before the beginning of the American-Iraq war, leading to an increase of $150 in average monthly mortgage repayments for ordinary United States housing over the beginning of the year. At the same time, the average five-year fixed mortgage rate in the United Kingdom rose to 5.66 per cent, in Germany to 3.7 per cent, and in France to 3.15 per cent. The US-Iraq conflict has led to higher oil and energy prices, increased inflation concerns and higher financing costs, curbed real estate transactions in Europe and the United States, and in July, the United Kingdom reached an agreement on home sales that fell by nearly 10 per cent。